HomeMate.com.au

The Reserve Bank board has left the official cash rate unchanged at 4.5 per cent,

As Mr Mortgage predicted earlier, the official cash rate has been left unchanged, with the decision announced moments ago.

Iconic Australian residential home builder and developer AV Jennings has recently made a $10 million first-half loss that could hasten the de-listing of the property giant.

New First Home Buyers incentive hurts second home buyers. Queensland general manager of Brisbane-based developer Devine Homes, Paul Nash, said second-home buyer demand has been sluggish, but when the $21,000 first-home owner’s grant was introduced in October, there was a pickup in first-home owner inquiry. First Home buyers charge petering out “We had a spike, [...]

Australia’s house price slump has been patchy, with Adelaide recording a gain in values, and Melbourne bringing up the rear as far as house price values are concerned. Melbourne led the nation in the drop in house prices over the past quarter. Melbourne property values did the worst in the nation, with house prices sinking [...]

Residential real estate property developer Australand Property Group has scaled back its development plans after posting an 85% slump in annual profit. Australand on Wednesday reported net profit for the 2008 calendar year fell to $40.16 million, from $269.23 million in 2007. It booked an unrealised loss from revaluations of $96.98 million and writedowns to residential [...]